The investment seeks to achieve total return. Under normal circumstances, the portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of issuers in the utilities industry. The portfolio normally invests its assets across different countries and regions, but may invest a significant percentage of its assets in issuers in a single country or region. The Sub-Adviser uses an active bottom-up investment approach to buying and selling investments for the portfolio. The portfolio may invest in securities of companies of any size and may invest in U.S. and foreign securities, including emerging market securities.